KRT RSI Chart
Last 7 days
10.5%
Last 30 days
1.3%
Last 90 days
18.4%
Trailing 12 Months
77.4%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 413.3M | 407.2M | 402.7M | 405.7M |
2022 | 394.0M | 414.3M | 421.6M | 423.0M |
2021 | 307.1M | 316.9M | 343.3M | 364.2M |
2020 | 0 | 0 | 0 | 295.5M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Feb 08, 2024 | guo jian | sold (taxes) | -27,160 | 26.0911 | -1,041 | chief financial officer |
Feb 01, 2024 | guo jian | acquired | - | - | 3,750 | chief financial officer |
Nov 28, 2023 | wang joanne tzu jung | sold | -247,821 | 21.4045 | -11,578 | - |
Nov 21, 2023 | wang joanne tzu jung | sold | -165,757 | 21.3577 | -7,761 | - |
Nov 20, 2023 | wang joanne tzu jung | sold | -90,881 | 21.4394 | -4,239 | - |
Oct 17, 2023 | quire daniel | sold | -10,823 | 22.0877 | -490 | chief revenue officer |
Oct 17, 2023 | wang joanne tzu jung | sold | -190,948 | 22.0877 | -8,645 | chief operating officer |
Oct 15, 2023 | quire daniel | acquired | - | - | 1,666 | chief revenue officer |
Oct 15, 2023 | wang joanne tzu jung | acquired | - | - | 25,000 | chief operating officer |
Sep 19, 2023 | cheng marvin | sold | -3,150,000 | 21.00 | -150,000 | vp-manufacturing, secy |
Which funds bought or sold KRT recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Mar 11, 2024 | VANGUARD GROUP INC | added | 3.82 | 912,507 | 8,594,970 | -% |
Mar 01, 2024 | GOLDMAN SACHS GROUP INC | sold off | -100 | -229,908 | - | -% |
Feb 28, 2024 | AMERICAN INTERNATIONAL GROUP, INC. | added | 18.42 | 18,148 | 83,869 | -% |
Feb 21, 2024 | Raleigh Capital Management Inc. | added | 5.63 | 1,112 | 9,298 | -% |
Feb 16, 2024 | GSA CAPITAL PARTNERS LLP | new | - | 301,000 | 301,000 | 0.03% |
Feb 16, 2024 | PRICE T ROWE ASSOCIATES INC /MD/ | new | - | 782,000 | 782,000 | -% |
Feb 15, 2024 | Legal & General Group Plc | added | 13.96 | 3,443 | 18,662 | -% |
Feb 15, 2024 | BARCLAYS PLC | added | 24.83 | 242,000 | 941,000 | -% |
Feb 15, 2024 | PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | unchanged | - | 99,166 | 1,376,690 | 0.08% |
Feb 14, 2024 | STATE STREET CORP | added | 35.25 | 906,540 | 2,888,320 | -% |
Unveiling Karat Packaging Inc.'s Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Karat Packaging Inc.)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AVY | 18.1B | 8.4B | 35.89 | 2.16 | ||||
PKG | 16.9B | 7.8B | 22.13 | 2.17 | ||||
AMCR | 13.7B | 14.0B | 21.31 | 0.98 | ||||
IP | 13.6B | 18.9B | 47.37 | 0.72 | ||||
MID-CAP | ||||||||
CCK | 9.5B | 12.0B | 19.95 | 0.79 | ||||
GPK | 8.9B | 9.4B | 12.31 | 0.94 | ||||
REYN | 6.0B | 3.8B | 20.28 | 1.61 | ||||
SEE | 5.3B | 5.5B | 15.61 | 0.97 | ||||
SLGN | 5.0B | 6.0B | 15.41 | 0.84 | ||||
OI | 2.5B | 7.1B | -24.15 | 0.35 | ||||
SMALL-CAP | ||||||||
TRS | 1.1B | 893.5M | 26.92 | 1.22 | ||||
MYE | 856.1M | 813.1M | 17.52 | 1.05 | ||||
PACK | 638.8M | 336.3M | -23.57 | 1.9 | ||||
TUP | 64.3M | 1.3B | -0.28 | 0.05 | ||||
DSS | 13.1M | 16.0K | -0.16 | 821.51 |
Karat Packaging Inc. News
Income Statement (Quarterly) | |||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 |
Revenue | -9.4% | 96.00 | 106 | 109 | 96.00 | 93.00 | 110 | 115 | 105 | 91.00 | 103 | 95.00 | 76.00 | 70.00 | 76.00 | 85.00 | 64.00 |
Gross Profit | -12.5% | 34.00 | 39.00 | 42.00 | 38.00 | 30.00 | 34.00 | 34.00 | 34.00 | 28.00 | 30.00 | 28.00 | 22.00 | 19.00 | 23.00 | 29.00 | 18.00 |
Operating Expenses | 6.9% | 29.00 | 28.00 | 29.00 | 25.00 | 25.00 | 26.00 | 26.00 | 25.00 | 21.00 | 24.00 | 21.00 | 18.00 | 17.00 | 16.00 | 14.00 | 14.00 |
S&GA Expenses | 99.3% | 16.00 | 8.00 | 9.00 | 9.00 | 8.00 | 9.00 | 9.00 | 9.00 | 8.00 | 10.00 | 8.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 |
EBITDA Margin | -0.4% | 0.14* | 0.14* | 0.13* | 0.11* | 0.11* | 0.11* | 0.11* | 0.12* | 0.11* | 0.10* | 0.11* | 0.13* | 0.12* | - | - | - |
Interest Expenses | -1.7% | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Income Taxes | -73.9% | 1.00 | 3.00 | 3.00 | 3.00 | 0.00 | 2.00 | 2.00 | 3.00 | 1.00 | 1.00 | 2.00 | 1.00 | -0.25 | 2.00 | 4.00 | 0.00 |
Earnings Before Taxes | -59.0% | 5.00 | 12.00 | 14.00 | 12.00 | 5.00 | 8.00 | 9.00 | 11.00 | 7.00 | 5.00 | 11.00 | 4.00 | 1.00 | 6.00 | 14.00 | 1.00 |
EBT Margin | -0.6% | 0.11* | 0.11* | 0.10* | 0.08* | 0.08* | 0.08* | 0.08* | 0.09* | 0.08* | 0.06* | 0.07* | 0.08* | 0.07* | - | - | - |
Net Income | -59.0% | 4.00 | 9.00 | 11.00 | 9.00 | 3.00 | 6.00 | 7.00 | 8.00 | 5.00 | 4.00 | 9.00 | 3.00 | 2.00 | 4.00 | 10.00 | 1.00 |
Net Income Margin | 0.0% | 0.08* | 0.08* | 0.07* | 0.06* | 0.06* | 0.06* | 0.06* | 0.07* | 0.06* | 0.05* | 0.06* | 0.06* | 0.06* | - | - | - |
Free Cashflow | -6.0% | 10.00 | 11.00 | 16.00 | 13.00 | 16.00 | 20.00 | 3.00 | -12.25 | 10.00 | -1.55 | -7.87 | 4.00 | 0.00 | - | - | - |
Balance Sheet | ||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 |
Assets | -1.3% | 276 | 280 | 287 | 273 | 252 | 239 | 247 | 240 | 208 | 203 | 207 | 177 | 181 |
Current Assets | -2.4% | 155 | 159 | 161 | 142 | 124 | 125 | 134 | 134 | 103 | 101 | 106 | 76.00 | 80.00 |
Cash Equivalents | -18.1% | 23.00 | 28.00 | 18.00 | 23.00 | 16.00 | 8.00 | 4.00 | 7.00 | 6.00 | 2.00 | 8.00 | 1.00 | 0.00 |
Inventory | -0.2% | 72.00 | 72.00 | 76.00 | 71.00 | 71.00 | 73.00 | 85.00 | 77.00 | 58.00 | 60.00 | 62.00 | 46.00 | 49.00 |
Net PPE | -1.5% | 95.00 | 97.00 | 96.00 | 99.00 | 96.00 | 94.00 | 95.00 | 92.00 | 93.00 | 94.00 | 93.00 | 94.00 | 96.00 |
Goodwill | 0% | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 |
Liabilities | -1.3% | 114 | 115 | 122 | 112 | 100 | 85.00 | 100 | 100 | 76.00 | 78.00 | 87.00 | 134 | 141 |
Current Liabilities | -2.8% | 44.00 | 46.00 | 51.00 | 44.00 | 39.00 | 35.00 | 37.00 | 40.00 | 31.00 | 33.00 | 40.00 | 40.00 | 43.00 |
Long Term Debt | -100.0% | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 36.00 | 37.00 | 0.00 |
LT Debt, Current | 1.0% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 12.00 | 11.00 |
LT Debt, Non Current | -7.3% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 36.00 | 37.00 | 0.00 |
Shareholder's Equity | 5.5% | 163 | 154 | 165 | 161 | 142 | 154 | 148 | 140 | 132 | 125 | 120 | 43.00 | 40.00 |
Retained Earnings | -0.1% | 68.00 | 68.00 | 69.00 | 65.00 | 56.00 | 59.00 | 52.00 | 46.00 | 39.00 | 34.00 | 30.00 | 20.00 | 19.00 |
Additional Paid-In Capital | 0.1% | 87.00 | 87.00 | 86.00 | 86.00 | 86.00 | 86.00 | 85.00 | 84.00 | 84.00 | 83.00 | 82.00 | 14.00 | 14.00 |
Shares Outstanding | 0.4% | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 17.00 | 15.00 | 15.00 |
Minority Interest | -19.0% | 9.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 | 9.00 | 8.00 | 9.00 | 7.00 |
Cashflow (Quarterly) | |||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 |
Cashflow From Operations | -14.5% | 10,291 | 12,035 | 16,868 | 14,185 | 16,975 | 20,245 | 3,681 | -11,427 | 9,925 | 1,441 | -7,191 | 4,504 | 2,247 | 3,557 | 7,242 | 1,501 |
Share Based Compensation | -89.2% | 27.00 | 250 | 216 | 277 | 273 | 598 | 565 | 611 | 938 | 848 | 240 | - | - | - | - | - |
Cashflow From Investing | -210.7% | -8,833 | 7,976 | -14,632 | -14,685 | -1,268 | -4,226 | -7,556 | -4,795 | -4,642 | -3,800 | -2,745 | -2,094 | -3,221 | -3,160 | -27,959 | -3,011 |
Cashflow From Financing | 35.2% | -6,544 | -10,106 | -7,204 | 7,684 | -7,197 | -11,989 | 556 | 16,559 | -479 | -3,644 | 16,657 | -1,897 | -645 | -898 | 21,019 | 2,974 |
Dividend Payments | -100.0% | - | 9,952 | - | - | 6,964 | - | - | - | - | - | - | - | - | - | - | - |
Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | |
---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | |
Income Statement [Abstract] | ||
Net sales | $ 405,651 | $ 422,957 |
Cost of goods sold | 252,608 | 290,871 |
Gross profit | 153,043 | 132,086 |
Operating expenses: | ||
Selling expenses | 41,490 | 35,844 |
General and administrative expenses (including $2,749 and $2,775 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively) | 66,952 | 66,259 |
Impairment expense and loss (gain), net, on disposal of machinery | 2,525 | (32) |
Total operating expenses | 110,967 | 102,071 |
Operating income | 42,076 | 30,015 |
Other income (expenses) | ||
Rental income (including $981 and $949 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively) | 1,090 | 949 |
Other expense, net | (45) | (228) |
Gain on foreign currency transactions | 103 | 1,568 |
Interest income (including $606 and $2,171 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively) | 1,803 | 2,226 |
Interest expense (including $2,019 and $1,821 associated with variable interest entity for the years ended December 31, 2023 and 2022, respectively) | (2,043) | (2,017) |
Total other income, net | 908 | 2,498 |
Income before provision for income taxes | 42,984 | 32,513 |
Provision for income taxes | 9,804 | 6,676 |
Net income | 33,180 | 25,837 |
Net income attributable to noncontrolling interest | 710 | 2,189 |
Net income attributable to Karat Packaging Inc. | $ 32,470 | $ 23,648 |
Basic and diluted earnings per share: | ||
Basic (in dollars per share) | $ 1.63 | $ 1.19 |
Diluted (in dollars per share) | $ 1.63 | $ 1.19 |
Weighted average common shares outstanding, basic (in shares) | 19,904,698 | 19,824,911 |
Weighted average common shares outstanding, diluted (in shares) | 19,977,712 | 19,925,905 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets | ||
Cash and cash equivalents (including $13,566 and $2,022 associated with variable interest entity at December 31, 2023 and 2022, respectively) | $ 23,076 | $ 16,041 |
Short-term investments | 26,343 | 0 |
Accounts receivable, net of allowance for bad debt of $392 and $1,260 at December 31, 2023 and 2022, respectively (including $0 and $6 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 27,763 | 29,912 |
Inventories | 71,528 | 71,206 |
Prepaid expenses and other current assets (including $82 and $191 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 6,219 | 6,641 |
Total current assets | 154,929 | 123,800 |
Property and equipment, net (including $44,185 and $45,399 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 95,226 | 95,568 |
Deposits | 1,047 | 12,413 |
Goodwill | 3,510 | 3,510 |
Intangible assets, net | 327 | 353 |
Operating right-of-use assets | 20,739 | 15,713 |
Other assets (including $53 and $38 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 619 | 818 |
Total assets | 276,397 | 252,175 |
Current liabilities | ||
Accrued expenses (including $591 and $625 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 10,576 | 9,005 |
Customer deposits (including $116 and $165 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 951 | 1,281 |
Long-term debt, current portion (including $1,122 and $957 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 1,122 | 957 |
Operating lease liabilities, current portion | 4,800 | 4,511 |
Other payables (including $1,302 and $0 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 3,200 | 0 |
Total current liabilities | 44,401 | 39,253 |
Deferred tax liability | 4,197 | 5,156 |
Long-term debt, net of current portion and debt discount of $203 and $216 at December 31, 2023 and December 31, 2022, respectively (including $48,396 and $41,558 associated with variable interest entity at December 31, 2023 and 2022, respectively, and debt discount of $203 and $216 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 48,396 | 41,558 |
Operating lease liabilities, net of current portion | 16,687 | 11,623 |
Other liabilities (including $0 and $1,302 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 26 | 2,652 |
Total liabilities | 113,707 | 100,242 |
Commitments and Contingencies (Note 20) | ||
Karat Packaging Inc. stockholders’ equity | ||
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding, as of December 31, 2023 and 2022 | 0 | 0 |
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,988,482 and 19,965,482 shares issued and outstanding, respectively, as of December 31, 2023 and 19,908,005 and 19,885,005 shares issued and outstanding, respectively, as of December 31, 2022 | 20 | 20 |
Additional paid in capital | 86,667 | 85,792 |
Treasury stock, $0.001 par value, 23,000 shares as of both December 31, 2023 and 2022 | (248) | (248) |
Retained earnings | 67,679 | 56,118 |
Total Karat Packaging Inc. stockholders’ equity | 154,118 | 141,682 |
Noncontrolling interest | 8,572 | 10,251 |
Total stockholders’ equity | 162,690 | 151,933 |
Total liabilities and stockholders’ equity | 276,397 | 252,175 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable (including $63 and $2 associated with variable interest entity at December 31, 2023 and 2022, respectively) | 18,446 | 18,559 |
Related Party | ||
Current liabilities | ||
Accounts payable (including $63 and $2 associated with variable interest entity at December 31, 2023 and 2022, respectively) | $ 5,306 | $ 4,940 |
 | Mr. Alan Yu |
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 | www.karatpackaging.com |
 | 781 |